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Chilling effect on Hong Kong IPO market during Chinese investigations 10 Jun 2021, 13:55 GMT+10 HONG KONG: After witnessing a flurry of activity last year and at the start of this year, Hong Kong's market for new stock listings has cooled to its slowest pace since 2009 in the wake of increasing Chinese scrutiny of tech firms' anti-competitive business practices. According to data compiled by Bloomberg News, just seven companies have gone public in the second quarter of this year, the lowest figure since the aftermath of the global financial crisis. First-day performances of IPOs have also tak...

Just seven companies have gone public in the second quarter so far – on track for the fewest since 2009.

Reuters 3 minute read An investor reacts in front of an electronic board showing stock information at a brokerage house in Shanghai, China, March 7, 2016. REUTERS/Aly Song Dental-braces maker Angelalign Technology is flashing its pearly whites ahead of a market debut. The Chinese maker of clear teeth straighteners plans to raise up to $375 million in a Hong Kong initial public offering. A $3.7 billion top-of-the-range equity value implies a punchy 54 times forecast next year’s earnings, IFR reports . Align Technology (ALGN.O), the $46 billion owner of rival Invisalign, trades at 45 ti...